Digital Servo Press Market: Current Analysis and Forecast (2021-2027)

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The Global Digital Servo Press is Expected to Display an Elevated CAGR of around 5% over the forecast period (2021-2027)

A rise in automotive component manufacturing and electronics is one of the key prominent reasons which are driving the market of digital servo press. China is the largest producer and seller of automobiles. In 2020, the country produced around 25 million vehicles including both cars and commercial vehicles. Also, shifting focus toward the adoption of electric vehicles of which according to IEA, China is expected to account for a share of 50% of the global passenger electrical vehicles by 2025.

Also, the growing adoption inf digital technologies and automation are adding pace to the growing demand for the digital servo press. Industrial robots can be deployed for a wide range of tasks in a growing number of industries. Various industries across the world are deploying automation for handling different processes and types of machinery in an industry to replace human beings and improve the efficiency of their manufacturing operations. Owing to these facts, industries such as electrical/electronics, automotive, metal & machinery, food, among others, are focused on automating their functions leading to a rise in demand for the digital servo press across various industries, which in turn leading to the growing market. For instance, in 2020, the electrical/electronic industry installed some 1,09,000 units of industrial robots worldwide, making it the industry with the most industrial robot installations that year. Also, the automotive industry installed around 80,000 units of industrial robots in 2020. this increase in industrial automation is leading to a surge in the rise in manufacturing output, due to which the demand for the digital servo press is also uplifting.

Global Electric Vehicle Production, 2012-2019

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ABB Ltd, Badger Meter, Inc, Emerson Electric Co, Endress+Hauser AG, General Electric Co, Honeywell International Inc, Krohne Messtechnik GmbH, McCrometer Inc, Omega Engineering Inc, Siemens AG, etc., are some of the prominent players operating in the Digital Servo Press market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst force range, more than 200KN segment holds the major share”

Based on the force range, the market is fragmented into Less than 100KN, 100KN-200KN, and More than 200KN, The more than 200KN segment grabbed the major market share in 2020 and dominated the market. The market of this segment is uplifting on account of the wider application area across industries coupled with the surging manufacturing industries and use of more than 200KN is component manufacturing in the automotive, aviation, and electronics industry.

“Amongst motor type, linear segment to grab considerable market share”

Based on the motor type, the market is fragmented into Continuous Rotation, Linear Rotation, and Position Rotation. The linear rotation segment grabbed XX% market share in 2020 and dominated the market. The segment captured USD XX Mn revenue in 2020.  Benefits such as no mechanical contact, the transmission force are generated in the air gap, etc., are leading to the growth of this segment

“Amongst application, automotive segment to grab considerable market share in forthcoming years”

Based on the application, the market is fragmented into Automotive, Aerospace, Electronics, and Others (Medical Equipment, Robotics). The automotive segment grabbed XX% market share and captured USD XX Mn market.  The surging adoption of EV coupled with the technologies such as ADAS, ABS, etc. is adding pace to the growing use of digital servo press in the automotive sector.

“Asia Pacific represents one of the largest markets of Digital Servo Press market”

For a better understanding of the market adoption of the Ultra High-Temperature Milk Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific grabbed XX% market for the digital servo press market industry and generated revenue of USD XX Million in 2020. The booming automotive industry coupled with the growth in industries such as electronics, aerospace, medical devices etc., across the region is contributing to the growth of the market.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Digital Servo Press Market were the three major steps undertaken to create and analyze the demand for Digital Servo Press across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Digital Servo Press market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Digital Servo Press through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Digital Servo Press market, we conducted a detailed secondary analysis to gather historical market insights and share for force range, motor type, and application for major regions. Major segments included in the report are fat force range and application. Further region and country-level analyses were conducted to evaluate the overall adoption of Digital Servo Press across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Digital Servo Press. Further, we conducted factor analysis using dependent and independent variables such as the rising demand for electric vehicles, booming electronics industry, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Digital Servo Press industry across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Digital Servo Press market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of Digital Servo Press across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Digital Servo Press market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Digital Servo Press market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of force range, motor type, and application of the Digital Servo Press market.

Main Objective of the Digital Servo Press Market Study

The current & future market trends of Digital Servo Press were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of Digital Servo Press in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of force range, motor type, and application
• Define and analysis of the regulatory framework for the Digital Servo Press industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the Digital Servo Press market for the major countries
• The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
• Company profiles of the Digital Servo Press market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry